Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL) Stock Price Down 8.8% – Here’s What Happened

Posted by Grant Hamersma on Mar 13th, 2025

Direxion Daily TSLA Bull 2X Shares (NASDAQ:TSLL – Get Free Report)’s stock price dropped 8.8% on Thursday . The company traded as low as $8.44 and last traded at $8.33. Approximately 54,081,162 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 58,677,654 shares. The stock had previously closed at $9.14.

Direxion Daily TSLA Bull 2X Shares Trading Down 9.6 %

The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 38.91 and a beta of -5.14. The firm’s 50 day simple moving average is $21.24 and its 200-day simple moving average is $18.88.

Direxion Daily TSLA Bull 2X Shares Cuts Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd were paid a dividend of $0.1399 per share. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Direxion Daily TSLA Bull 2X Shares

A number of hedge funds have recently added to or reduced their stakes in the company. PayPay Securities Corp purchased a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth approximately $50,000. Bank of Montreal Can purchased a new position in Direxion Daily TSLA Bull 2X Shares in the fourth quarter worth $92,000. Morse Asset Management Inc acquired a new stake in Direxion Daily TSLA Bull 2X Shares in the third quarter valued at $119,000. Sanctuary Advisors LLC purchased a new stake in shares of Direxion Daily TSLA Bull 2X Shares during the 3rd quarter worth $152,000. Finally, Optiver Holding B.V. acquired a new position in shares of Direxion Daily TSLA Bull 2X Shares during the 4th quarter worth $240,000.